ThreatMetrix Signs Reseller Agreement in Japan

June 24, 2010

ThreatMetrix, a provider of fraud prevention solutions that do not require personally identifiable information (PII), recently announced that it has signed an agreement with Rikei Corporation, a Japanese information technology company, to resell ThreatMetrix Fraud Network solutions to control online fraud and abuse in Japan. As part of the reseller agreement, Rikei has assembled a dedicated ThreatMetrix team focused on online banking, e-commerce and social networking, according to a press release. “With the second largest Internet population in Asia Pacific after China, and as more Japanese companies adopt card-not-present (CNP) transactions, fraudulent credit card orders are on the rise,” said David Jones, chief technology officer, vice president of engineering and co-founder, ThreatMetrix. “ThreatMetrix Fraud Network solutions can help these companies stop fraud so that they can sell more, grow faster, protect their brands, and provide customers a better online experience.” Most fraud prevention and customer authentication systems use PII to determine whether a customer is legitimate or a fraudster, Los Altos, Calif.-based TreatMatrix said. ThreatMetrix’s technology detects the use of botnets and proxies, and reveals the true location of the device as well as the device’s identity.